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Posted at 9:32 AM ET, 12/ 8/2010

SpaceX launches (Video)

By Melissa Bell
Falcon 9
SpaceX's Falcon 9 rocket sits on the pad at the Kennedy Space Center in Cape Canaveral, Fla. (Scott Audette/Reuters)

SpaceX launched its Falcon 9 rocket into space at 10:43 a.m. The shuttle is planned to circle Earth twice, reenter orbit and land in the Pacific. If the flight is successful, it will be the first time a private business completed the flight.

SpaceX's rocket has already entered a low orbit this June, but is the first attempt to put the rocket in space.

The first launch scheduled for this morning at 9:06 was postponed, but the control deck announced that the abort was a false one.

SpaceX hopes to launch a ferry program for NASA, shuttling supplies to the international space station.

The Dragon space capsule successfully separated from the Falcon rocket and is circling the Earth now. The orbits should take 90 minutes each.

Watch the space webcam here.

(Thanks, Carl!)

By Melissa Bell  | December 8, 2010; 9:32 AM ET
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